Inside The Plan With The 401(k) Brothers

著者： Bill Bush and Andy Bush
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  • Inside The Plan With The 401(k) Brothers is a production of Horizon Financial Group, located in Baton Rouge, LA. The show handles topics and questions that often arise from participants of company retirement plans. Bill Bush and Andy Bush are indeed brothers, but NOT twins. Registered Representatives offering securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810
    Horizon Financial Group 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810
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あらすじ・解説

Inside The Plan With The 401(k) Brothers is a production of Horizon Financial Group, located in Baton Rouge, LA. The show handles topics and questions that often arise from participants of company retirement plans. Bill Bush and Andy Bush are indeed brothers, but NOT twins. Registered Representatives offering securities and advisory services offered through Cetera Advisors LLC, member FINRA/SIPC, a broker/dealer and a Registered Investment Adviser. Cetera is under separate ownership from any other named entity. 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810
Horizon Financial Group 15015 Jamestown Boulevard, Suite 100, Baton Rouge, LA 70810
個人ファイナンス 経済学
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  • New Year, New Habits: Decluttering Your Life and Finances

    New Year, New Habits: Decluttering Your Life and Finances
    2025/01/08
    Episode Summary: In this episode, the 401(k) Brothers reflect on the start of 2025, discussing the importance of decluttering physical and digital spaces, reviewing financial habits, and setting actionable goals for the future. Bill and Andy emphasize the value of behavior over knowledge in achieving financial success, the importance of budgeting, and the benefits of seeking professional guidance. They encourage listeners to celebrate achievements while staying focused on continuous improvement and planning for their future. Timestamps: [00:08] - Welcome to 2025 Bill and Andy open the episode by reflecting on the rapid passage of time and sharing personal milestones, including Bill’s upcoming 60th birthday. [01:20] - Decluttering at Home Bill talks about repurposing a room during the holidays and how decluttering can create both physical and mental clarity. [03:45] - The Psychological Impact of Tidying Up Andy highlights the connection between physical clutter and mental stress, referencing The Art of Tidying Up and discussing how letting go of unused items can bring freedom. [05:30] - Reflecting on Financial Behaviors The brothers explore how reviewing spending habits can reveal valuable insights. They cite The Psychology of Money by Morgan Housel to stress that financial behavior often matters more than knowledge. [07:15] - Digital Decluttering Bill discusses cleaning out his email inbox and unsubscribing from unnecessary subscriptions, emphasizing the financial and mental benefits. [09:10] - Managing Subscriptions The brothers discuss evaluating and minimizing subscription services to avoid wasteful spending. [11:05] - Budget Reviews and Emergency Funds Andy explains the importance of regularly reviewing your budget to prepare for unexpected expenses and build an emergency fund. [13:20] - Boosting Retirement Contributions Bill encourages listeners to increase retirement savings incrementally to offset inflation and secure a better future. [15:10] - The Power of Celebrating Wins The brothers discuss celebrating small successes to stay motivated, referencing Mel Robbins' The High Five Habit. [17:30] - Seeking Coaching for Financial Success Bill underscores the value of seeking professional advice, whether for fitness or finances, and how it can help overcome challenges. [19:00] - Making Resolutions Stick The brothers share tips for maintaining New Year’s resolutions, stressing the importance of envisioning your future self and staying committed to long-term goals. [21:15] - Sacrifice and Progress Andy discusses the necessity of short-term sacrifices to achieve financial freedom and the role of intentionality in making progress. [22:40] - Closing Thoughts The brothers wrap up with encouragement to prioritize improvement over perfection and take steps toward financial well-being in 2025. Takeaways: Time flies, and it's important to reflect on the past year.Decluttering physical and digital spaces leads to clarity.Financial behaviors often matter more than knowledge.Reviewing spending habits can reveal areas for improvement.Unsubscribing from unnecessary emails can reduce digital clutter.Budget reviews prepare for unexpected expenses.Increasing retirement contributions is a smart financial move.Celebrating small wins motivates continued progress.Forgiveness for past shortcomings allows for new beginnings.Seeking professional help can provide valuable guidance in financial planning. Sound Bites: "It's crazy to believe it's already here.""What do we really use?""Celebrate the wins, but keep going.""You can start anew starting today." Contact Information: Bill Bush: bbush@horizonfg.comAndy Bush: abush@horizonfg.com
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    24 分
  • The Grapes of Roth

    The Grapes of Roth
    2024/11/26
    In this episode, Bill and Andy Bush discuss the differences between Roth and traditional retirement accounts, focusing on their tax implications, contribution limits, and the benefits of Roth accounts. They explore when to consider Roth contributions, the investment growth potential, and the impact of recent legislative changes on Roth accounts. The conversation emphasizes the importance of understanding these options for effective retirement planning. Chapters 00:00 – Introduction to Roth vs Traditional Accounts Bill Bush introduces the episode and reflects on revisiting the topic of Roth versus traditional retirement accounts.Mention of a memorable past presentation titled The Grapes of Roth, which highlights the benefits of Roth accounts. 03:07 – Understanding Roth Contributions and Tax Implications Andy Bush explains the analogy of an old TV commercial: "You can pay me now, or you can pay me later," as it relates to Roth versus traditional accounts.Overview of pre-tax contributions to 401(k) plans and the tax-deferred growth they offer.Explanation of how Roth contributions are made after taxes, leading to tax-free withdrawals during retirement. 05:51 – Roth IRA vs 401(k): Contribution Limits and Eligibility Bill and Andy discuss the introduction of Roth IRAs in the late 90s and the addition of Roth 401(k) options in 2006.Clarification of contribution limits for Roth IRAs and 401(k)s, and the income thresholds for contributing to a Roth IRA.Explanation that Roth 401(k) contributions have no income limits for eligibility as long as the plan allows them. 09:09 – When to Consider Roth Accounts Discussion of when it makes sense to choose Roth contributions, emphasizing younger employees in lower tax brackets.Situations where contributing to Roth accounts could be beneficial, such as planning for higher future tax rates or large future expenses.Insights into the strategic benefits for higher earners and those planning for estate purposes. 11:56 – Investment Growth and Tax Treatment of Roth Accounts Explanation of how Roth accounts grow tax-free and the advantages of not paying taxes on dividends, interest, or capital gains.Comparison between Roth accounts and taxable accounts, highlighting the ongoing tax implications of the latter. 15:11 – Roth Accounts and Retirement Planning Discussion of how Roth withdrawals in retirement do not count as taxable income, preserving Social Security benefits and avoiding Medicare surcharge thresholds.Example scenarios involving large purchases during retirement and how Roth distributions can be advantageous. 17:51 – Future of Roth Contributions and Legislative Changes Overview of the Secure Act 2.0 and its implications for Roth accounts, such as the elimination of RMDs for Roth 401(k)s.Explanation of future changes, including catch-up contributions for higher earners and the potential for employer Roth matches.Insight into how legislative changes have made Roth contributions more flexible and appealing. 21:09 – Conclusion and Legacy of Roth Accounts Reflection on Senator William Roth’s legacy and the expansion of Roth account options over the years.Bill and Andy ponder whether William Roth foresaw the long-term impact of his contributions to retirement planning.Encouragement for listeners to reach out with questions and consider how Roth options fit into their retirement strategy. Takeaways The difference between Roth and traditional accounts is primarily tax-related.Roth contributions are made after taxes, while traditional contributions are pre-tax.Roth accounts have been available since the late 90s, with 401(k) options added in 2006.Income limits apply to Roth IRAs but not to Roth 401(k) contributions.Roth accounts do not require minimum distributions during the account holder's lifetime.Younger employees may benefit more from Roth contributions due to lower tax brackets.Roth accounts allow for tax-free growth and withdrawals in retirement.Legislative changes are making Roth accounts more accessible and beneficial.Employer matches can potentially be made as Roth contributions.Understanding the implications of Roth accounts is crucial for effective retirement planning. Sound Bites "You can pay me now or you can pay me later.""The real answer is a guy's name.""Pay it once, you don't pay it ongoing.""Roth accounts are becoming more prominent." Resources www.horizonfg.com info@horizonfg.com
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    23 分
  • Falling Forward...

    Falling Forward...
    2024/10/22
    Summary: In this episode of Inside the Plan, Bill and Andy Bush (the 401(k) Brothers) share insights from a recent advisor conference in New Orleans, focusing on the challenges that different generations face in saving for retirement. They dive into the financial obligations affecting Millennials, Gen Xers, and Baby Boomers and discuss the importance of establishing emergency savings. The conversation also explores how early savings can significantly impact long-term retirement wealth. Additionally, the brothers emphasize the essential role of financial advisors and coaches in providing organization, accountability, and proactive support in financial planning. Chapters and Key Takeaways: 00:10 — Introduction and Conference Insights The episode opens with Bill and Andy reflecting on insights gained at a recent conference with financial advisors in New Orleans. The brothers set the stage by discussing the importance of helping people navigate their retirement savings challenges.03:00 — Financial Obligations and Retirement SavingsMillennials face the highest financial obligations (89% struggle with competing priorities).Emergency savings are a crucial barrier for all generations, with 25% of Baby Boomers still facing this issue.Gen Xers and Baby Boomers see lower percentages but still encounter challenges with emergency savings and other financial obligations. 05:56 — The Importance of Early SavingsEarly savings significantly impact retirement wealth. The earlier you start saving, the more those dollars multiply over your career.The brothers stress that even when dollars are stretched, making the most of employer 401(k) matches can create long-term financial benefits. 09:15 — Seeking Guidance and Financial CoachingGuidance from financial advisors is essential, especially for complex decisions involving retirement planning.Financial coaching helps with accountability and organization, ensuring that clients stay on track with their goals.Millennials and Gen Zers are more inclined to seek information online, but older generations still prefer face-to-face or personalized financial advice. 12:01 — The Role of Financial AdvisorsMany clients do not fully implement their financial plans—only 20% of recommendations are executed.A financial plan requires action to be effective. Bill and Andy explain that while creating a plan is valuable, consistent action and follow-up are key to success. 15:23 — Core Values of Financial PlanningObjectivity from a financial advisor provides clarity, helping clients make sound decisions without the emotional bias that can come from handling finances alone.Partnership with a financial planner alleviates worries, providing clients with support and a trusted resource to guide them through financial decisions.Financial advisors offer six core values: organization, objectivity, proactivity, education, accountability, and partnership, all of which contribute to long-term financial success. 19:09 — Conclusion and Contact Information Bill and Andy wrap up the episode by encouraging listeners to reach out for personalized advice and assistance. They stress the importance of communication and building a strong partnership with a financial advisor. Sound Bites: "Emergency savings is a barrier for 25% of Baby Boomers." "89% of Millennials face financial obligations hindering savings." "Early dollars saved multiply over your working career." Call to Action: If you're interested in organizing your finances or need help creating a retirement plan, reach out to Bill or Andy Bush at Horizon Financial Group: Bill Bush: bbush@horizonfg.comAndy Bush: abush@horizonfg.com Or visit horizonfg.com and use the contact button to get started.
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    22 分

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